Circle, CoreWeave Earnings, Square's Bitcoin Payments: Crypto Week Ahead

💡 DMK Insight

As we head into the week starting November 10, traders should brace for potential volatility driven by upcoming economic data releases and geopolitical events. With inflation data and employment reports on the horizon, these indicators could sway market sentiment significantly, impacting both crypto and forex markets. Traders should keep an eye on key levels in major currency pairs, especially if the data deviates from expectations. For instance, a stronger-than-expected inflation report could lead to a bullish sentiment in the dollar, potentially pushing EUR/USD below critical support levels. Conversely, if the data shows signs of easing inflation, we might see a rally in risk assets, including cryptocurrencies. It’s also worth noting that geopolitical tensions could add another layer of unpredictability. If any significant news breaks, it could trigger rapid price movements across the board. So, watch for the economic calendar and be ready to adjust positions accordingly. Keep an eye on the daily charts for breakout patterns that could signal the next big move.